Tyro Payments shares jump 35% in rare win for Australian market

Photo: Tyro

Tyro Payments delivered a rare win for Australian initial public offering (IPO) investors on Friday, with the electronic payment firm’s shares surging 35% on debut, bucking a recent trend of company floats being shelved.

About A$2 billion ($1.4 billion) worth of IPOs that were due to list on the Australian Securities Exchange have been put on hold since early October due to volatile global financial market conditions.

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